Smallholder farmers produce a staggering 70 percent of the world’s food, making them essential to food security. Geodata applications have been shown to improve these farmers’ yields and even boost their financial access – one of the main obstacles to increasing production. To help tap into these benefits, NpM’s Innovator’s Challenge brought together 17 tech companies with geodata-based solutions for smallholder financial inclusion. NpM director Josien Sluijs discusses the winning companies, and the broader potential of geodata-based innovation.
USAID and Musoni Microfinance sign $8 million loan guarantee agreement to boost Kenya’s agricultural sector
Small scale farmers, individuals, associations, cooperatives and micro, small and medium enterprises (SMEs) in Kenya will be the key beneficiaries of this guarantee.
- Sub-Saharan Africa
Low Tech, High Impact: An Affordable, Hand-Powered Innovation Aims to Boost Food Production in Africa
For many global development players, high-tech innovations are the go-to solution for challenges in emerging markets. But according to Taylor Quinn of JUST, Inc., low-tech approaches can be even smarter. He discusses the promising potential of locally made and hand-powered machines in emerging economy value chains, and explores how JUST is using one such device to improve food security, increase access to quality nutrition and promote entrepreneurship in Liberia.
Mali and International Fund for Agricultural Development ink deal to connect farmers to rural financing
By providing a range of financial products, including savings, credit and micro-insurance, the project will enable smallholder farmers to invest in the necessary infrastructure and equipment that will help them produce, store, process and better market their products.
- Sub-Saharan Africa
Press release: OPIC launches Connect Africa initiative to invest more than $1 billion supporting infrastructure, communications, and value chain connectivity
“Africa is home to many of the world’s fastest-growing economies and presents both a great need for investment and a great opportunity for American businesses,” Washburne said. “But, too many barriers remain to the flow of goods and services. By focusing on connectivity, we’re not only helping build means for economic development, but also laying the foundation for future trade partners.”